- Date : 15/09/2023
- Read: 3 mins
The IPO market will witness another major company going public as Yatra Online is all set to debut on the stock market. The IPO is worth Rs.775 crores and will hit the markets on 15th September. Here are 5 important facts to know.
The leading Online Travel Agency (OTA), Yatra Online, is making its debut on the bourses with its Rs.775 -crore Initial Public Offering (IPO). The company has been rated the third-largest player in the market regarding operating and gross booking revenue in the financial year 2023. Among other OTAs, Yatra Online enjoys India's maximum hotel and accommodation tie-ups. Boasting 813 corporate customers and 49,800 SME customers, Yatra Online is a leading name in the travel booking industry. The company is going public with its maiden IPO, which will soon hit the markets. Check out some of the important details of the issue.
Highlights
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Yatra Online IPO opens on 15th September and will close on 20th September
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The IPO is valued at Rs.775 crores with a price band of Rs.135 to Rs.142 per equity share.
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The IPO includes both a fresh issue of equity worth Rs.602 crores and an OFS worth Rs.173 crores
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The company would use the IPO proceeds to fund its organic and inorganic growth.
5 Key Facts of Yatra Online IPO
1. IPO Date and Price Band
The IPO will open on 15th September and close on 20th September 2023. The price per share is fixed in the range of Rs.135 to Rs.142.
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2. Lot Size and Minimum Investment
Each lot contains 105 shares, and a minimum investment of Rs.14,910 would be required per lot, considering the upper price band.
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3. IPO Composition
The IPO consists of a fresh issue of equity shares totalling Rs.602 crores and an Offer For Sale (OFS) of 1.22 crore of existing equity shares owned by the promoters. The OFS is valued at Rs.173 crores.
4. Objectives of the IPO
The funds raised from the IPO would be used for the following financial needs of the company –
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Strategic investments
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New acquisitions
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Inorganic growth, which would amount to Rs.150 crores
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Fresh investments towards acquiring and retaining customers, building technology, and other organic growth initiatives. This would total Rs.392 crores.
5. Company’s Financial Performance
Here’s how Yatra performed in the last two financial years –
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The Bottom Line
Know the complete details of the IPO intended to list by 29th September 2023. If the IPO seems lucrative and aligns with your investment needs, you can subscribe to it within the IPO window and get the company shares at attractive rates.
Also Read – Investing in an IPO? Things to keep in mind
